FBS - Analytics

    FBS

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    GBP/CHF reached sell target 1.3800

    GBP/CHF recently broke though the support level 1.3800, which was set as the sell target in our previous forecast for this currency pair. The breakout of this support level accelerated the C-wave of the active intermediate ABC correction (2) from the end of May (which started when the pair reversed down from the resistance zone surrounding the resistance level 1.4600).

    GBP/CHF is likely to fall further to the next sell target at the strong support level 1.3400 (low of the previous primary ABC correction ② and the forecast price calculated for the completion of the active wave (2)).


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